WASHINGTON (MarketWatch)
Treasury Secretary Timothy Geithner is not going to Poland to push European finance ministers to boost the size of the euro-zone bailout fund, a U.S. official said Tuesday.
Geithner is taking an unusual one-day trip to Poland to meet euro-zone leaders to discuss the ongoing sovereign debt crisis, as worry about the European fiscal situation has intensified.
One news report said that Geithner was going to Poland to urge a bigger European Financial Stability Fund, now set at about $600 billion.
In interviews last week around the G-7 finance meeting of finance ministers and central bank governors, Geithner said he would like to see more political will from European leaders to end the sovereign debt crisis.
Geithner said it was "absolutely" in the U.S. interest that the euro survive as a currency.
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